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42.4 percent Q1 final result increase for Eridania Béghin-Say

The French-Italian food group Eridania Beghin-Say reported a 42.4 per cent increase in its final result to Euros 8.4m for the first quarter 2001, Les...

US food manufacturers demand tighter GMO testing

Food manufacturers, reacting to recalls of biotech corn products, say the U.S. government should not approve any more genetically modified crops unless there is a...

DuPont buys into French packaging pouches

The packaging subsidiary of DuPont Canada Inc. (DUPA ) said on Friday it is buying Prepac of France to expand into the fast-growth market of packaging...

Vietnam launches into cocoa market

As with coffee and pepper, Vietnam may soon have a major stake in the cocoa market, Reuters reports. In recent years the country has already...

EC clears Diageo-Pernod deal

Diageo - the British premium drinks company - and Pernod Ricard - the French drinks group - overcame the first regulatory hurdle in their £5.6bn...

Roche's CFO dismissed

The crisis at Roche, the Swiss pharmaceutical giant, deepened on Tuesday when the group unexpectedly dismissed its chief financial officer, reports the Financial Times. ...

Cadbury in talks with La Casera

Cadbury Schweppes, the British confectionery and soft drinks group, is in talks on forming an alliance with La Casera, the Spanish soda water producer, reported...

Merck operating profits exceed expectations

Merck KGaA said its net profits for the first quarter fell 18.7 per cent to Euros 88.9m from Euros 109.3m but operating profits of Euros...

UK food supplier expands across the channel

Brake Bros, the UK food supplier to the catering industry, continued its expansion into France on Friday, when it announced the £17.1m ($24.5m) acquisition of...

Novartis buys 20 per cent of Roche

Novartis, the Swiss drugs company, said on Monday it has bought 20 per centof the voting shares in Roche, its competitor, for SFr4.83bn ($2.8bn) cash,...

Dairy giant hunts for chief

Plans to merge New Zealand's two largest dairy companies may be delayed by the search for a chief executive, an industry official said. No...

Ingredients company deals with its debt

Australian food ingredients group Burns Philp & Co Ltd said on Wednesday it would take up a Au$900 million bank facility and conduct a Au$240...

Frozen fruit juice bar hits France

Canandian frozen dessert and ingredients company CoolBrands International Inc. announced this week that it has entered into an agreement with Rolland, S.A. of Landerneau Cedex,...

Japan lifts pork ban

Japan on Wednesday lifted a temporary ban on imports of pork and pork products from Spain on the grounds that there is little possibility of...

Danone invests further in water

French dairy and biscuit group Danone is investing further in bottled water. The group announced today that it has acquired 50 per cent of Pureza...

EU businesses must be open to innovation

European businesses must manage the dynamics of innovation, according to a recently published report by the European Commission. The report, "Building an Innovative Economy in...

Pepsi completes sports drink purchase

Shareholders of US soft drinks maker PepsiCo and Quaker Oats Co approved this week PepsiCo's acquisition of the maker of Gatorade sports drinks. PepsiCo,...

Roche could suppress between 5,000 and 8,000 jobs

Roche, the Swiss pharmaceutical group, is planning on cutting between 5,000 and 8,000 jobs, representing 8 to 12 per cent of its employees, to reduce...

Bad time for biscuits

Campbell Soup Co., the U.S. soup giant, said onWednesday that its Arnott's biscuit unit in Australia will close its Melbourne plant in September, 2002, as...

Sports nutrition shows strong growth for Numico

Dutch nutritional products giant Royal Numico recently reported an increase in first quarter sales of 34.6 per cent to EUR 1,069 million (excluding the Dairy...

Request to sell GM foods

The Sri Lankan National Chamber of Commerce has appealed to the Health authorities to grant a concessionary period of at least two months to sell...

Kraft expects $8bn in IPO

Kraft Foods, the US food and beverage giant, said on Wednesday that it would raise $8bn in its upcoming initial public offering at a price...

Japanese food imports rise for 2nd year

Japan's imports of food products in 2000 rose 3.9 per cent from the previous year to $46.05 billion, marking the second consecutive year of increase,...

Flavours company reports dramatic drop in income

New-York based International Flavors & Fragrances Inc., a leading producer of flavours and fragrances, reported this week a 54 per cent drop in first-quarter net...

San Miguel and Pure Foods discuss merger

A functional merger may occur between the meat businesses of Philippine food and beverage group San Miguel Corp. and Pure Foods Corp., the company about...